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CNBC News Associate
Buy these solid stocks that pay while you wait, said Joseph Keating, of RBC Bank. He shared his best stock picks with CNBC investors.
“It looks like the economy is bottoming out,” Keating told CNBC. “Yet we’re not going to rebound anytime soon. So investors want to invest in securities where they can get paid while we’re waiting for a better economy.”
Keating told investors to stay well-diversified in big-name companies.
“We caution investors to be really high-quality with their dividend picks, given the outlook of a slow-growth economy over the next 1 to 2 years,” he said.
Keating Likes:
Colgate-Palmolive [CL
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PepsiCo [PEP
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Kinder Morgan Energy [KMP
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Energy Transfer [ETP
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Southern Co. [SO
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Exelon [EXC
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AT&T [T
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Verizon Comm. [VZ
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Johnson & Johnson [JNJ
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Abbott Labs [ABT
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Disclosure:
No immediate information was available for Keating or his firm.
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